Point Laz secures $1.2M financing
Summary
Part of this funding comes from the City of Qu\xe9bec, which invested $400,000 to start-ups as part of the Seed CapitalBusiness AccelerationNew Innovative Business component of Vision entrepreneuriale Qu\xe9bec 2026.Jean-Fran\xe7ois Grenon, Partner of i4 Capital, will join Point Laz board of directors.Founded by CEO Alexandre Grenier, Qu\xe9bec City based Point Laz integrates ongoing monitoring technologies at underground mining sites to improve operations and ensure the safety of miners. This optical tool is revolutionizing mine shaft inspections not only by significantly reducing inspection time, but also by ensuring greater safety for mine workers.QU\xc9BEC CITY, July 10, 2024 /CNW/ Point Laz, a Qu\xe9bec City-based SME, raised $1.2 million following a round of venture capital financing led by i4 Capital Fund, enabling the worldwide marketing of its Lazaruss scanning device. Its first 10 commercial Lazaruss scanners are set to be produced and exported worldwide and the company is on track to positioning itself as an international leader in Canada, the United States, South Africa, and Australia.There is already a lot of demand. Many major mining companies have had the opportunity to use the technology in their operations and want to acquire it and implement it as quickly as possible.Qu\xe9bec engineering Backed by a team of experienced engineers, Point Laz is proud to announce that this technology, which will transform the way things are done in the industry and ensure better mine safety, was developed locally.Part of this funding also comes from the City of Qu\xe9bec, which has offered $400,000 to start-ups as part of the Seed CapitalBusiness AccelerationNew Innovative Business component of Vision entrepreneuriale Qu\xe9bec 2026.Quotes The financing round announced today is a major milestone for Point Laz. Through this collaboration, we reinforce our commitment to the development of advanced technologies that address the critical challenges of the mining industry, while supporting safer and more efficient practices.Founded in 2020, Point Laz integrates ongoing monitoring technologies at underground mining sites to improve operations and ensure the safety of miners.